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NIC posts net income of $1.15 million in H1 2015

2015-08-10

According to the National Insurance Company NIC’s financial statements for the first half of 2015, Net profit after tax of the period reached 1,154,723 USD Compared with Net profit after tax 2,168,772 USD for 2014, a net decrease in profit of 46.76%.Total assets of the company reached 76,811,112 USD compared with total assets of 73,244,670 USD at the end of year 2014, a net increase of 4.87%.Total liabilities of the company reached 49,935,520 USD compared with total liabilities of 45,502,411 USD at the end of year 2014, a net increase of 9.74%. Net ownership equity of the company reached 26,875,592 USD (Including None-Controlling Interests of 1,566,758 USD) compared with total owner equity of 27,742,259 USD (Including None-Controlling Interests of 1,678,228 USD) at the end of year 2014, a net decrease of 3.12%.